Dismissing concerns that India's growth rate may drop below 6.5 per cent, Finance Minister Pranab Mukherjee on Monday said 2012-13 would be the turnaround year for the economy.

Addressing a confe

The Delhi High Court on Wednesday sought responses of the Centre, Facebook India and Google India on a plea by former BJP ideologue K.N. Govindacharya for recovery of taxes on their income from ope

Providing comfort to worried foreign investors, Finance Minister Pranab Mukherjee on Wednesday said the Income Tax Department will not re-open cases where assessment proceedings had been finalised b

The Income Tax department has created a special audit team to bring together the scattered assessment and investigation proceedings of the BCCI and the IPL spread across the country.

Tax assessment

The Income Tax Department seized 35 cartons containing bundles of currency from Chiranjeevi's son-in-law Vishnu Prasad’s house at Poes Garden area in Chennai. The actor-turned politician said he has n

The rich in Australia may soon be forced to pay ‘millionaires' tax’ with the country's powerful trade union calling the government to slap such a tax, similar to US President Barack Obama's so-called

In a strong message to multinationals campaign against taxing Vodafone, the government on Tuesday ruled out any rethinking on the issue making it clear that India cannot be a tax haven just to attract foreign investment.

"I may not be here," Finance Minister Pranab Mukherjee said in the Lok Sabha triggering instant smiles from the members as speculation rages about he becoming the next President.

"I don't mean that"

Bowing to pressure, Finance Minister Pranab Mukherjee today announced a slew of measures to provide relief to the jewellery sector and postponed implementation of the general anti-avoidance rules (GAA

The Income Tax department is said to be mulling prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

The department, which had received more th